Chart Industries gets notice to proceed with Louisiana plant order

Image courtesy of Chart

U.S. LNG equipment maker Chart Industries has received full notice to proceed with the production of cold boxes and brazed aluminum heat exchangers for Venture Global’s Calcasieu Pass LNG export terminal project.

This week Venture Global announced final investment decision (FID) and the closing of the project financing for their Calcasieu Pass LNG facility and associated TransCameron pipeline in Cameron Parish, Louisiana.

The proceeds of the debt and equity financing fully fund the balance of the construction and commissioning of Calcasieu Pass.

Full site construction began in February 2019, and the Commercial Operations Date is expected in 2022.

At the end of March 2019, Chart booked the full equipment order of $135 million for the Calcasieu project from Baker Hughes.

Chart said on Wednesday that it would deliver the equipment on a multi-year schedule in conjunction with BHGE and Kiewit.

Jill Evanko, Chart’s president, and CEO, said: “We are proud to be part of Venture Global’s unique and innovative Calcasieu Pass project and overall LNG model. In conjunction with our strong partners on this project, we will provide the highest quality cold boxes and heat exchangers on schedule from our Wisconsin and Louisiana facilities.“